On May 24, 2022, Asia Commercial Joint Stock Bank announces the stock issuance to pay dividend for 2021 as follows:
- Stock name: Asia Commercial Joint Stock Bank
- Stock type: common share
- Par value: 10,000 dongs
- Number of shares issued: 2,701,948,075 shares
- Number of outstanding shares: 2,701,948,075 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 675,487,019 shares
- Total value (based on par value): 6,754,870,190,000 dongs
- Issue ratio: 25% (Shareholder who owns 100 shares will receive 25 new shares).
- Plan to deal with fractional shares: The distributed shares will be rounded down to units, the fractional shares will be cancelled.
- For example: at the record date, shareholder A owns 95 shares. With 25% exercise ratio, the shareholder A will receive: 95 *25/100 = 23.75 shares. According to rounding policy, the shareholder A will receive 23 new shares and the fractional shares of 0.75 share will be transferred to Trade Union of Asia Commercial Joint Stock Bank.
- Record date: June 03, 2022.